Berkshire Hathaway Chairman Warren Buffett, the "investment genius," has been in contact with senior U.S. government officials to discuss the banknote crisis, Bloomberg reported today (19).

Citing unnamed sources, Bloomberg reported that Buffett and senior U.S. government officials had various conversations last week about the recent regional banking crisis.

Bloomberg reported that Buffett has discussed the possibility of investing in U.S. regional banks.

It also reported that Buffett had extensive advice on the current crisis.

This isn't the first time Buffett has stepped up as a savior in the banknote crisis.

In 2008, when the financial crisis escalated after the Lehman Brothers collapse, he invested $50 billion in Goldman Sachs, the largest U.S. investment bank, to help raise capital, and in 2011, Bank of America invested another $50 billion when its stock price crashed in the aftermath of the subprime mortgage crisis.

Bloomberg predicts that as the Biden administration struggles to get out of the banking crisis without injecting taxes, investments or interventions by individuals like Buffett will empower ways to stop the crisis from spreading without a direct bailout.

Recently, the U.S. economy has been in crisis as the banking system has been shaken by the bankruptcy of Silicon Valley Bank (SVB) and Signature Bank.

U.S. authorities have taken special measures, such as allowing customers who deposit money in bankrupt banks to withdraw in full regardless of insurance limits, but market jitters have not been alleviated.